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The ‘No Fireworks’ Budget Speech Of 2022

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Finance Minister Enoch Godongwana’s maiden Budget Speech of 2022 was themed “keeping money in the pockets of South Africans”. In essence, the budget speech boils down to making good use of small gains. Treasury has done what it can to create an environment conducive to returning business confidence and investment, and the Cabinet is hoping…

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Accountant vs Bookkeeper: What does my business need?

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As a business owner starting an enterprise, you tend to manage all aspects of your new venture, including the finances. But as the company grows, you find yourself in need of assistance with various accounting tasks. Employing the services of a financial professional for your company is vital; however, do you need an accountant or…

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The value of choosing a knowledgeable tax consultation partner

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Having to contend with complicated tax paperwork is not what most business owners would describe as their favourite pastime. However, getting your tax submissions done correctly and efficiently by a tax consultation partner can significantly impact your company’s success. Rather than neglecting this aspect, businesses will greatly benefit from appointing a competent and expert tax…

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Trustees and Directors Fiduciary Duties (3 minute read)

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As a newly appointed company director or trustee here’s what you need to know! Overview: The Duties, Responsibilities and Liabilities of Directors and Trustees in South Africa Being appointed as a trustee or a company director in South Africa carries many obligations and legal responsibilities. Failure to uphold the regulations that govern directorship and trusteeship…

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South African Budget Speech 2020/21

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Bite-Sized Budget 2020/21 Take-Outs for Busy Businesses The budget speech has come and gone, but what it means for business is still baffling the best of us. While Finance Minister, Tito Mboweni, delivered some good news and some bad news, his speech mainly comprised proposals. At least, as far as the private sector was concerned.…

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Statutory Deadlines Made Easy with Exceed

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How To Get The Ultimate Returns From Your Statutory Returns When you choose the right financial partner, you won’t just meet your statutory deadlines but derive exceedingly high value from them too. Exceed helps you submit sound returns, on time, and save on costs that you didn’t even realise you had! The Deadline Dilemma Ask…

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Section 12I Tax Allowance Incentive (12I TAI)

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What you need to know about Section 12I Tax Allowance Incentive (12I TAI). In governments continuous effort to stimulate the industrial sector in line with the objectives of the National Industrial Policy Framework. The government has introduced the Section 12I tax allowance, which is two separate, yet similar incentive programmes for the manufacturing industry. Namely: The…

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The 2019 Budget Speech

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Tax update The finance minister delivered the annual budget speech on the 20th of February 2019. Below we highlight some of the most important changes which we believe will more directly affect you. Personal Tax The minister of finance announced that the tax-free threshold for those under 65 years old would be increased to R79…

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Employment Tax Incentive

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The Employment Tax Incentive (ETI), which came into effect on 1 January 2014, is aimed at encouraging employers to hire young and less experienced work seekers. Read more…

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Should psychometric assessments form part of the recruitment process?

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An interview process can be fairly subjective, with decisions being based on instinct rather than facts. Psychometric testing can measure a number of attributes including emotional intelligence, critical reasoning, motivation and personality profile. Read more…

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